Wednesday, June 13, 2007
Monopoly Money
You have this great idea. It's going to rock the world. Nobody believes you can pull it off.You don't care. You're a tech pioneer, the Orville Wright of the 21st Century. One problem -- your dream costs big bucks to bring it to reality but no problem, your rich uncle has deep pockets. So you build your dream and then test it. It fails. Not once, not a dozen times but dozens and dozens and dozens of times. The bills are mounting but who cares, your rich uncle is right there with you, helping you beat back the naysayers. He doesn't care what men and women with years of education and experience are saying. They say the the laws of physics can't be changed, no matter how much you want them to. But your uncle scoffs at the critics, saying they just don't know how to DREAM BIG.
They don't care, at least not like your uncle does, about protecting our men and women in uniform.
That's the story behind the DP-2, an experimental plane that is supposed to take off like a helicopter and fly like a jet. Except it's never taken off, not even after 21 years of trying. What is even weirder, the customer for the airplane -- the military -- has maintained for years the idea is "technically flawed" and the whole idea should be scrapped. The dreamer/creator is Anthony Dupont. No, not the chemical Duponts. This Dupont is a 72-year-old engineer who apparently does have some money of his own, a La Jolla home and a La Jolla-based business. Nice little place I'm told.
As for his uncle, that would be Rep. Duncan Hunter, aka Uncle Sam, presidential candidate and apparently, physics expert. And you know where Uncle Duncan gets his deep pockets from, where the cash just flows and flows. It's only monopoly money. Would you believe $63 million dollars dumped into what one insider told me is a poorly run "rinky dink" operation. Don't believe me? Drive out to the "test" site for the DP-2, it's at Gillespie Field in El Cajon. It's sitting out in the open, on a test frame. "It's been a joke for years," says a local. But I'm afraid the joke is on us.
Here is an interesting tidbit sure to come out as this story heats up. Hunter, who for years was "THE MAN" on the House Armed Services Committee, NEVER had Dupont testify or justify the project before the committee. Doesn't that strike you as odd? Every dime of the $63 million was back-doored by earmarks. And did I mention that the congressman got a $36,000 contribution from the La Jolla inventor. The contribution has nothing to do with the DP-2 program, says Candidate Hunter.
He just wants to help our military, the guys and gals on the ground. Of course, the military didn't want his help and has told him so since 1986. What the heck, $63 million is just chump change when you're spending billions in Iraq.
We broke this story in San Diego with the help of Brian Ross' Investigative Unit at ABC News. I want to thank Brian and his senior investigatve producer Rhonda Schwartz for helping us develop the story. I have received some interesting e-mails and calls about this developing story and 10News will be telling you more in the near future.
You can see some of the testimony of the experts from the congressional hearing by going to our I-Team story and clicking on the documents I have had posted for your review. It's right below this line.
Hunter's Folly? See for yourself.
jwblog@10news.com
They don't care, at least not like your uncle does, about protecting our men and women in uniform.
That's the story behind the DP-2, an experimental plane that is supposed to take off like a helicopter and fly like a jet. Except it's never taken off, not even after 21 years of trying. What is even weirder, the customer for the airplane -- the military -- has maintained for years the idea is "technically flawed" and the whole idea should be scrapped. The dreamer/creator is Anthony Dupont. No, not the chemical Duponts. This Dupont is a 72-year-old engineer who apparently does have some money of his own, a La Jolla home and a La Jolla-based business. Nice little place I'm told.
As for his uncle, that would be Rep. Duncan Hunter, aka Uncle Sam, presidential candidate and apparently, physics expert. And you know where Uncle Duncan gets his deep pockets from, where the cash just flows and flows. It's only monopoly money. Would you believe $63 million dollars dumped into what one insider told me is a poorly run "rinky dink" operation. Don't believe me? Drive out to the "test" site for the DP-2, it's at Gillespie Field in El Cajon. It's sitting out in the open, on a test frame. "It's been a joke for years," says a local. But I'm afraid the joke is on us.
Here is an interesting tidbit sure to come out as this story heats up. Hunter, who for years was "THE MAN" on the House Armed Services Committee, NEVER had Dupont testify or justify the project before the committee. Doesn't that strike you as odd? Every dime of the $63 million was back-doored by earmarks. And did I mention that the congressman got a $36,000 contribution from the La Jolla inventor. The contribution has nothing to do with the DP-2 program, says Candidate Hunter.
He just wants to help our military, the guys and gals on the ground. Of course, the military didn't want his help and has told him so since 1986. What the heck, $63 million is just chump change when you're spending billions in Iraq.
We broke this story in San Diego with the help of Brian Ross' Investigative Unit at ABC News. I want to thank Brian and his senior investigatve producer Rhonda Schwartz for helping us develop the story. I have received some interesting e-mails and calls about this developing story and 10News will be telling you more in the near future.
You can see some of the testimony of the experts from the congressional hearing by going to our I-Team story and clicking on the documents I have had posted for your review. It's right below this line.
Hunter's Folly? See for yourself.
jwblog@10news.com
Posted at 6:57 AM by jw
Tuesday, June 5, 2007
Promises made
We killed a lot of trees in order to help a neighborhood. The good news is we believe in recycling. The better news is, the Barrio may soon see the PROMISE made 15 years ago actually happen.
Our I-Team began looking into the Barrio Logan Mercado project in early December of 2005. It was supposed to be a retail/business center in the heart of the Barrio. If you ever are driving back from Coronado on the bridge, look to your left on the San Diego side, you will see eight acres of undeveloped land that was supposed to be a thriving commercial center, a place for families to shop, a rare chance to create jobs for the neighborhood. It certainly seemed to be a good idea, at least the Feds thought so. HUD gave the city $8 million to grease the skids and get the project launched. But it never did.
It sat there and sat there.
Here's where the dead trees come in, actually a massive pile of papers. Luis Garcia, who owns Chueys restaurant, was really upset about the empty lot. He had moved his popular eatery across the street from the proposed development--only to see the project languish and his hopes evaporate. I had heard of his complaints and went by the restaurant with reporter Salvador Rivera. We ended up staying for dinner and seeing for ourselves what had made this business man so angry. Boxes and boxes of paperwork. Documents from the Redevelopment Agency, planning groups, the developer, the City Council, the City Attorney and on and on. The paperwork went back in time to before the PROMISE was made. And in a very short time we realized Mr. Garcia had a legitimate gripe. We still had lots of legwork to do but clearly he was onto something. We wondered about the inability of the political establishment or the city bureacracy to get things done. There was another dynamic in this equation. Since the first PROMISE was made years earlier, the East Village was created, PETCO went up, and the value of that Barrio property on the outskirts of the explosive growth area had escalated dramatically.
It seemed to us the longer the foot-dragging went on, the more valuable the land became, the more money someone would make. Millions of dollars were on the table
We spoke to residents in the neighborhood, regular citizens and business owners, they agreed with Luis Garcia that the project was long overdue. They all wondered what was going on. No one ever would come clean on the delays. It was always the same double talk.
So we launched our investigation.
Salvador and I spent the next two months going through the paperwork we had gotten copies of from Luis Garcia plus other documents we requested from City Council and the Redevelopment Agency. We used about three or four pads of those yellow stickies to try to keep track of the timeline. We were joined by photojournalist Mike Howder to help us figure all of this out.
I won't bore you with the tons of details only to say, we found a pretty good story in those stacks of paper.
First off, the City Councilmen from the Barrio district -- former councilman, former assemblyman, now insurance industry muckety-muck Juan Vargas was at the helm when the PROMISES were made.
Convicted felon Ralph Inzunza followed him into office. Lots of fingers pointed to this guy being the problem--we didn't know if it was the "kick him when he is down" syndrome or legitimate claims.
Then there's the current City Councilman, former Barrio project boss, Ben Hueso.
The other council members, who sit as the Redevelopment Agency, didn't give a damn about the project. Neither did City Attorney Casey Gwynn. The Redevelopment Agency staff was a revolving door of personnel and worked at proving how inept a local government agency can be.
There is one more ingredient in this brew, it's Sam Marasco, the personable
developer who ended up with the project. He's connected to Vargas, having thrown a political fundraiser for the ambitious politican. Is that why he got the project?
I can't tell you for sure. But the way the city council representatives are elected is by votes in their own district, not citywide. That means each council district is a private fiefdom. Odds are, Marasco was Vargas' guy.
A backround check of Marasco's numerous business dealings was a mixed bag. Projects stalled, lawsuits were filed. Projects were completed, people were happy. We thought it strange that attorneys and developers in the small world of major developments were reluctant about talking on or off the record about Mr. Marasco's business practices. Some hinted at his litigious nature. While these industry insiders pointed the way to some out-of-state lawsuits, they were of little help.
What we saw in the paperwork was that the Redevelopment Agency gave the developer delay after delay after delay. These delays were always approved because Councilman Inzuna wanted to keep Mr.Marasco on the project. We were eager to speak with Mr. Inzunza about these delays and why he allowed this to go on. As to the current city councilman, the paper trail and sources inside the city seemed to indicate Councilman Hueso appeared to be playing both sides, a cautious politician.
But in his defense, Mr. Hueso was the only one to speak out about his concerns over the slow, slow pace of the project.
We interviewed whomever would talk to us -- Hueso, Marasco, Michael AGuirre, former Redevelopment Agency chiefs, the current redevelopment managment. However Mr.Vargas refused to comment, as did Mr.Inzunza.
Marasco blamed the Agency and other city elments for screwing things up. The Agency was clearly upset and angry about our poking around--and was very defensive and afraid to speak out about the delays involving Marasco, putting the blame on "previous adminstrators" for the problem.
Enter HUD. The federal housing department was plainly ticked off about all the foot-dragging and the millions of federal tax dollars that were never put to use on the project. As luck would have it, this became public in the middle of our investigation. We reported this mess in a series of four reports over six months.
Fast forward to last week. Judge Joan Lewis ruled that the property goes back to the city, Mr. Marasco is out. He can appeal, of course. I hope not, this neighborhoods nightmare has to end. HUD is happy again. And there are three qualified developers from an original group of sixteen interested and eager to step in for Mr. Marasco. They are ready to finally deliver on the PROMISE made to Barrio Logan.
Our I-Team began looking into the Barrio Logan Mercado project in early December of 2005. It was supposed to be a retail/business center in the heart of the Barrio. If you ever are driving back from Coronado on the bridge, look to your left on the San Diego side, you will see eight acres of undeveloped land that was supposed to be a thriving commercial center, a place for families to shop, a rare chance to create jobs for the neighborhood. It certainly seemed to be a good idea, at least the Feds thought so. HUD gave the city $8 million to grease the skids and get the project launched. But it never did.
It sat there and sat there.
Here's where the dead trees come in, actually a massive pile of papers. Luis Garcia, who owns Chueys restaurant, was really upset about the empty lot. He had moved his popular eatery across the street from the proposed development--only to see the project languish and his hopes evaporate. I had heard of his complaints and went by the restaurant with reporter Salvador Rivera. We ended up staying for dinner and seeing for ourselves what had made this business man so angry. Boxes and boxes of paperwork. Documents from the Redevelopment Agency, planning groups, the developer, the City Council, the City Attorney and on and on. The paperwork went back in time to before the PROMISE was made. And in a very short time we realized Mr. Garcia had a legitimate gripe. We still had lots of legwork to do but clearly he was onto something. We wondered about the inability of the political establishment or the city bureacracy to get things done. There was another dynamic in this equation. Since the first PROMISE was made years earlier, the East Village was created, PETCO went up, and the value of that Barrio property on the outskirts of the explosive growth area had escalated dramatically.
It seemed to us the longer the foot-dragging went on, the more valuable the land became, the more money someone would make. Millions of dollars were on the table
We spoke to residents in the neighborhood, regular citizens and business owners, they agreed with Luis Garcia that the project was long overdue. They all wondered what was going on. No one ever would come clean on the delays. It was always the same double talk.
So we launched our investigation.
Salvador and I spent the next two months going through the paperwork we had gotten copies of from Luis Garcia plus other documents we requested from City Council and the Redevelopment Agency. We used about three or four pads of those yellow stickies to try to keep track of the timeline. We were joined by photojournalist Mike Howder to help us figure all of this out.
I won't bore you with the tons of details only to say, we found a pretty good story in those stacks of paper.
First off, the City Councilmen from the Barrio district -- former councilman, former assemblyman, now insurance industry muckety-muck Juan Vargas was at the helm when the PROMISES were made.
Convicted felon Ralph Inzunza followed him into office. Lots of fingers pointed to this guy being the problem--we didn't know if it was the "kick him when he is down" syndrome or legitimate claims.
Then there's the current City Councilman, former Barrio project boss, Ben Hueso.
The other council members, who sit as the Redevelopment Agency, didn't give a damn about the project. Neither did City Attorney Casey Gwynn. The Redevelopment Agency staff was a revolving door of personnel and worked at proving how inept a local government agency can be.
There is one more ingredient in this brew, it's Sam Marasco, the personable
developer who ended up with the project. He's connected to Vargas, having thrown a political fundraiser for the ambitious politican. Is that why he got the project?
I can't tell you for sure. But the way the city council representatives are elected is by votes in their own district, not citywide. That means each council district is a private fiefdom. Odds are, Marasco was Vargas' guy.
A backround check of Marasco's numerous business dealings was a mixed bag. Projects stalled, lawsuits were filed. Projects were completed, people were happy. We thought it strange that attorneys and developers in the small world of major developments were reluctant about talking on or off the record about Mr. Marasco's business practices. Some hinted at his litigious nature. While these industry insiders pointed the way to some out-of-state lawsuits, they were of little help.
What we saw in the paperwork was that the Redevelopment Agency gave the developer delay after delay after delay. These delays were always approved because Councilman Inzuna wanted to keep Mr.Marasco on the project. We were eager to speak with Mr. Inzunza about these delays and why he allowed this to go on. As to the current city councilman, the paper trail and sources inside the city seemed to indicate Councilman Hueso appeared to be playing both sides, a cautious politician.
But in his defense, Mr. Hueso was the only one to speak out about his concerns over the slow, slow pace of the project.
We interviewed whomever would talk to us -- Hueso, Marasco, Michael AGuirre, former Redevelopment Agency chiefs, the current redevelopment managment. However Mr.Vargas refused to comment, as did Mr.Inzunza.
Marasco blamed the Agency and other city elments for screwing things up. The Agency was clearly upset and angry about our poking around--and was very defensive and afraid to speak out about the delays involving Marasco, putting the blame on "previous adminstrators" for the problem.
Enter HUD. The federal housing department was plainly ticked off about all the foot-dragging and the millions of federal tax dollars that were never put to use on the project. As luck would have it, this became public in the middle of our investigation. We reported this mess in a series of four reports over six months.
Fast forward to last week. Judge Joan Lewis ruled that the property goes back to the city, Mr. Marasco is out. He can appeal, of course. I hope not, this neighborhoods nightmare has to end. HUD is happy again. And there are three qualified developers from an original group of sixteen interested and eager to step in for Mr. Marasco. They are ready to finally deliver on the PROMISE made to Barrio Logan.
Posted at 5:50 AM by jw
Monday, June 4, 2007
Auto Surf story reaction & update
HERE IS AN UPDATE Robert Krimm contacted both Steve Atkinson and myself over the weekend. Mr. Krimm says he didn't respond to our attempts to contact him because he moving. The reason he is moving, he told me, was "people are coming by my house and threatening me" When asked why people were threatening him--had had no response, only a promise to talk to our I team this week. We'll let you know what he said.
Reaction to AUTO SURF story:
These opinions don't reflect the editorial position of 10News on the
Robert Krimm/Auto Surf story
---------------------------------------------------------------
You should have checked out the sources that gave you the information to print the story on Robert Krimm. It is suspected that one of your sources is in fact a former member who defrauded Mr. Krimm out of literally thousands of dollars, this is why his membership was deleted. He is also suspected of leaving very serious death threats with members of Mr. Krimms company. You have also tried to get a hold of Mr. Krimm but because of several death threats he has received he has had to stay out of the public eye - can you blame him?
Because Mr. Krimm was the victim of a theft of such a huge magnitude, he had to shut down his business. He has promised to pay back his members and is in the process of doing so right now. These sources of yours decided to go on a "witch hunt" before Mr. Krimm was able to begin refunds when he said that he would.
I would suggest that you consider your sources before printing such a negative story. Here is where many of your sources hang out FYI :
http://www.talkgold.com/forum/showthread.php?t=93022&page=353
http://www.talkgoldsucks.info/
Anonymous
(Your sources have left many threats with supporters of Robert Krimm, this is why I will not give my name)
-------------------------------------------------------------------
Hi,
I'm just another sucker that Krimm forced to use his
payment processor (Tri-Star Money Changers) to fund with
my real money to invest in his programs. Then if there were
profits they would be paid back to my TSMC account.
Little did anyone know that our TSMC accounts would be used
to buy new homes for him and his son in Florida.
The word "premeditated" jumps right out there, doesn't it..??
Dale Martin
dale.martin@yahoo.com
-------------------------------------------------------------
Thank you for the 2nd video on that scammer Bob Krimm. He has hurt a lot of people. Please help the FBI or the SEC .
Thank you so much,
Chrissy
-----------------------------------------------------------------
Dear Sir/Madam,
I read your article on Mr Robert Krimm with great interest.
I thank you most sincerely for bring this to the publics attention
which has been widely received and noted.
I would hope that you would pursue this story for the following reasons:
Mr Krimm is actively involved in setting up a hedge fund named
Gulf Side Financial.
Mr Krimm is using the funds that he embezzled from
Tri Star Money Changers – www.tristarmoneychangers.com to achieve this.
I submit proof regarding Mr Krimm’s intention to form a Hedge Fund:
Here is the video link as to his explanation concerning the Hedge fund to members:
http://www.runurl.com/xx.php?any
The thrust of the message in the video is that Mr Krimm and partners will
generate sufficient funds from the Hedge Fund – Gulf Side Financial to
repay members and also afford them additional investment opportunities.
A Mr Todd Heaps who runs a surf monitor leads the meeting in the video
and can be found at www.surfsitemonitor.com
At present there is also a forum where Mr Krimm’s official right hand assistant,
so to speak, is still in operation: http://www.successtalkmodsquad.com
It is our hope that Mr Krimm will not be allowed to achieve
success with his Gulf Side Financial Hedge Fund.
This would indeed add injury to insult on the part of
The many people who have suffered due to his duplicity.
I thank you for your time and trouble,
Phillipa Hill
---------------------------------------------------------------------------
great story on the ponzi scheme! i would like to see more! you guys ended it up like more is coming. we want to see his waterfront home and what happens to Krimm.
thank you,
-------------------------------------------------------------------------------
J.W.,
Thank you for bringing the sordid world of Autosurfing to light again.
The countless victims of this particular scam are larger in nature due to they also ran a Payment Processor. Most Autosurfs do not run payment processors, they use other payment processors such as E-Gold or Alertpay.
They used the laws of averages to extend the normal life span of the Autosurfs much longer with the use of their payment processor Tri-StarMoneyChangers.com, which in combination created larger monetary losses and victims.
This is one reason why Payment Processors MUST be registered in each and every state according to Law U.S. Code Title 18 Section 1960, pertaining to Unlicensed Money Transmitters! There are other AutoSurfs / Payment Processors out there right now doing the exact same thing. They will have the exact same outcome in the end, Victims!
Mr. Simoni's story is not the only I heard like that either. I have heard hundreds of people stating the same thing. They were making money then brought friends and family members into autosurfing because, at first they were paying. All of a sudden the autosurf train ends, and it ends with money being lost.
I am diving deeper into one of the hosting companies used by Mr. Krimm.
It seems the principals of the hosting company were directly connected to another AutoSurf Scam last year that stole countless dollars from it's vicitms. I will keep you posted on this!
Thank you,
Curt Crowley
http://www.ponziscams.com/blog
---------------------------------------------------------------------------
First of all Kudos to you for your interview with Robert Krimm.
I want to know if he doesn't pay all his members if you would be willing to do a follow up on him? It could possibly help thousands of us. Thanks
J R
-------------------------------------------------------------------------
I have read and seen your newscast on Bob Krimm and autosurf ponzi scams. You do not have the correct information.
An advertising company run online is not necessarily a ponzi scheme. A ponzi scheme is someone who takes someones money then pays the next person with the money received by the previous person.
How an autosurf advertising company runs is: Joe Smo puts in 100$ to run his advertisment. Lets say he gets 11% for 12days. He will watch other advertisments in this company for 12 days, at the end of 12days he not only gets his original purchase back, he makes a 11% rebate on that original purchase, he would get $132 back, having made $32 on his rebate.
It is like using a newspaper. The client is paying the company to run their ad. Their ad runs and other people see it. He may get customers for his advertisment, he may not. He even gets more than from a newspaper- he gets back his original purchase price along with an added rebate.
Bob Krimm owned three such sites. I do not know if he ran his like a ponzi or not. Many or most admins do not. But it is not his autosurf companies that are the problem for when the advertisers signed up for these programs they also signed the terms that indicate you may not get any of your original purchase or rebate back, that is the risk they took.
The problem with Bob Krimm is- He had a payment processor. It was called TSMC, Tristarmoneychangers. Much like alertpay, paypal and many others. He was an online bank. And that is where the problem lies. People such as myself used TSMC for our online business as did our clients. Bob did very well allowing money into TSMC but when it came to getting our money out of TSMC it was slow and hard to get. Then he claimed he was doing an audit due to someone stealing from him, then all of a sudden all transactions stopped- he promised us our money, he deleted anyone who spoke badly about him. Then he gave us his last crying video about all this money taken from him and now he is gone! He committed fraud, larceny!!! He took our money and bought a new huge house, some say a boat, opened a hedge fund, some say he is opening another payment processor. Who knows. But- your facts are incorrect. This is not about a ponzi scheme, this is not about an autosurf site, this is about a man who pretended to be an online payment processor who took all our money and flew!!!! He will not pay us back, how can he? But- he needs to have his butt in jail, not his nice big house our money bought him!!!!
This is like when a daycare abuses a child, all of a sudden the news becomes bad daycares out there- no there are good daycares and bad people who do bad things.
Autosurf companies, online advertising companies- there are some bad people who come and run them and leave with peoples money. Then there are good companies with good people who run good businesses.
Same with payment processors. There are good ones run by good people. TSMC was a bad one run by a bad person. I hope he gets dealt with by the law but I also hope news people like you don't hurt us innocent good people out here with good honest companies!
Sincerely,
Karin Schermerhorn
JW's response to Karin
Thanks for your response. Tell me if I am missing something--is not the bottomline purpose of your industry to move websites higher up on search engine lists? I am not saying internet advertising is bogus, I am saying there is something wrong when the baseline premise of an industry is to deceive people.
Sure, people go on line zillions of times a day forlegitimate page views but this auto surf seems to be an effort to "puff up" site traffic, giving a distored view of the websites true activity. I think you are working hard to kill your golden goose.
Once web consumers figure this out, this auto serve industry will hit the wall.
As to Krimm, he did run a paypal "look a like" which crashed and burned.
But there are other elements of his business besides just the money handling end of it. You have to have a product or service to generate the money don't you?
What is the product that Krimm sells--auto surfing?
Where does the money come from?
How does that moeny "grow" into such nice profitable returns?
Where does the money come from to pay for the returns?
Not from informed advertisers -- not for puffed up activities and page views.
Why would anyone pay for inflated page views with no one actually BUYING, SELLING,
INFORMING, ENTERTAINING or any of the other products and services the internet offers.
Sorry---I cant buy into this --- its build on deception not providing customer
service or advertisers the audience they seek
jw
----------------------------------------------------------------------------
Reaction to AUTO SURF story:
These opinions don't reflect the editorial position of 10News on the
Robert Krimm/Auto Surf story
---------------------------------------------------------------
You should have checked out the sources that gave you the information to print the story on Robert Krimm. It is suspected that one of your sources is in fact a former member who defrauded Mr. Krimm out of literally thousands of dollars, this is why his membership was deleted. He is also suspected of leaving very serious death threats with members of Mr. Krimms company. You have also tried to get a hold of Mr. Krimm but because of several death threats he has received he has had to stay out of the public eye - can you blame him?
Because Mr. Krimm was the victim of a theft of such a huge magnitude, he had to shut down his business. He has promised to pay back his members and is in the process of doing so right now. These sources of yours decided to go on a "witch hunt" before Mr. Krimm was able to begin refunds when he said that he would.
I would suggest that you consider your sources before printing such a negative story. Here is where many of your sources hang out FYI :
http://www.talkgold.com/forum/showthread.php?t=93022&page=353
http://www.talkgoldsucks.info/
Anonymous
(Your sources have left many threats with supporters of Robert Krimm, this is why I will not give my name)
-------------------------------------------------------------------
Hi,
I'm just another sucker that Krimm forced to use his
payment processor (Tri-Star Money Changers) to fund with
my real money to invest in his programs. Then if there were
profits they would be paid back to my TSMC account.
Little did anyone know that our TSMC accounts would be used
to buy new homes for him and his son in Florida.
The word "premeditated" jumps right out there, doesn't it..??
Dale Martin
dale.martin@yahoo.com
-------------------------------------------------------------
Thank you for the 2nd video on that scammer Bob Krimm. He has hurt a lot of people. Please help the FBI or the SEC .
Thank you so much,
Chrissy
-----------------------------------------------------------------
Dear Sir/Madam,
I read your article on Mr Robert Krimm with great interest.
I thank you most sincerely for bring this to the publics attention
which has been widely received and noted.
I would hope that you would pursue this story for the following reasons:
Mr Krimm is actively involved in setting up a hedge fund named
Gulf Side Financial.
Mr Krimm is using the funds that he embezzled from
Tri Star Money Changers – www.tristarmoneychangers.com to achieve this.
I submit proof regarding Mr Krimm’s intention to form a Hedge Fund:
Here is the video link as to his explanation concerning the Hedge fund to members:
http://www.runurl.com/xx.php?any
The thrust of the message in the video is that Mr Krimm and partners will
generate sufficient funds from the Hedge Fund – Gulf Side Financial to
repay members and also afford them additional investment opportunities.
A Mr Todd Heaps who runs a surf monitor leads the meeting in the video
and can be found at www.surfsitemonitor.com
At present there is also a forum where Mr Krimm’s official right hand assistant,
so to speak, is still in operation: http://www.successtalkmodsquad.com
It is our hope that Mr Krimm will not be allowed to achieve
success with his Gulf Side Financial Hedge Fund.
This would indeed add injury to insult on the part of
The many people who have suffered due to his duplicity.
I thank you for your time and trouble,
Phillipa Hill
---------------------------------------------------------------------------
great story on the ponzi scheme! i would like to see more! you guys ended it up like more is coming. we want to see his waterfront home and what happens to Krimm.
thank you,
-------------------------------------------------------------------------------
J.W.,
Thank you for bringing the sordid world of Autosurfing to light again.
The countless victims of this particular scam are larger in nature due to they also ran a Payment Processor. Most Autosurfs do not run payment processors, they use other payment processors such as E-Gold or Alertpay.
They used the laws of averages to extend the normal life span of the Autosurfs much longer with the use of their payment processor Tri-StarMoneyChangers.com, which in combination created larger monetary losses and victims.
This is one reason why Payment Processors MUST be registered in each and every state according to Law U.S. Code Title 18 Section 1960, pertaining to Unlicensed Money Transmitters! There are other AutoSurfs / Payment Processors out there right now doing the exact same thing. They will have the exact same outcome in the end, Victims!
Mr. Simoni's story is not the only I heard like that either. I have heard hundreds of people stating the same thing. They were making money then brought friends and family members into autosurfing because, at first they were paying. All of a sudden the autosurf train ends, and it ends with money being lost.
I am diving deeper into one of the hosting companies used by Mr. Krimm.
It seems the principals of the hosting company were directly connected to another AutoSurf Scam last year that stole countless dollars from it's vicitms. I will keep you posted on this!
Thank you,
Curt Crowley
http://www.ponziscams.com/blog
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First of all Kudos to you for your interview with Robert Krimm.
I want to know if he doesn't pay all his members if you would be willing to do a follow up on him? It could possibly help thousands of us. Thanks
J R
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I have read and seen your newscast on Bob Krimm and autosurf ponzi scams. You do not have the correct information.
An advertising company run online is not necessarily a ponzi scheme. A ponzi scheme is someone who takes someones money then pays the next person with the money received by the previous person.
How an autosurf advertising company runs is: Joe Smo puts in 100$ to run his advertisment. Lets say he gets 11% for 12days. He will watch other advertisments in this company for 12 days, at the end of 12days he not only gets his original purchase back, he makes a 11% rebate on that original purchase, he would get $132 back, having made $32 on his rebate.
It is like using a newspaper. The client is paying the company to run their ad. Their ad runs and other people see it. He may get customers for his advertisment, he may not. He even gets more than from a newspaper- he gets back his original purchase price along with an added rebate.
Bob Krimm owned three such sites. I do not know if he ran his like a ponzi or not. Many or most admins do not. But it is not his autosurf companies that are the problem for when the advertisers signed up for these programs they also signed the terms that indicate you may not get any of your original purchase or rebate back, that is the risk they took.
The problem with Bob Krimm is- He had a payment processor. It was called TSMC, Tristarmoneychangers. Much like alertpay, paypal and many others. He was an online bank. And that is where the problem lies. People such as myself used TSMC for our online business as did our clients. Bob did very well allowing money into TSMC but when it came to getting our money out of TSMC it was slow and hard to get. Then he claimed he was doing an audit due to someone stealing from him, then all of a sudden all transactions stopped- he promised us our money, he deleted anyone who spoke badly about him. Then he gave us his last crying video about all this money taken from him and now he is gone! He committed fraud, larceny!!! He took our money and bought a new huge house, some say a boat, opened a hedge fund, some say he is opening another payment processor. Who knows. But- your facts are incorrect. This is not about a ponzi scheme, this is not about an autosurf site, this is about a man who pretended to be an online payment processor who took all our money and flew!!!! He will not pay us back, how can he? But- he needs to have his butt in jail, not his nice big house our money bought him!!!!
This is like when a daycare abuses a child, all of a sudden the news becomes bad daycares out there- no there are good daycares and bad people who do bad things.
Autosurf companies, online advertising companies- there are some bad people who come and run them and leave with peoples money. Then there are good companies with good people who run good businesses.
Same with payment processors. There are good ones run by good people. TSMC was a bad one run by a bad person. I hope he gets dealt with by the law but I also hope news people like you don't hurt us innocent good people out here with good honest companies!
Sincerely,
Karin Schermerhorn
JW's response to Karin
Thanks for your response. Tell me if I am missing something--is not the bottomline purpose of your industry to move websites higher up on search engine lists? I am not saying internet advertising is bogus, I am saying there is something wrong when the baseline premise of an industry is to deceive people.
Sure, people go on line zillions of times a day forlegitimate page views but this auto surf seems to be an effort to "puff up" site traffic, giving a distored view of the websites true activity. I think you are working hard to kill your golden goose.
Once web consumers figure this out, this auto serve industry will hit the wall.
As to Krimm, he did run a paypal "look a like" which crashed and burned.
But there are other elements of his business besides just the money handling end of it. You have to have a product or service to generate the money don't you?
What is the product that Krimm sells--auto surfing?
Where does the money come from?
How does that moeny "grow" into such nice profitable returns?
Where does the money come from to pay for the returns?
Not from informed advertisers -- not for puffed up activities and page views.
Why would anyone pay for inflated page views with no one actually BUYING, SELLING,
INFORMING, ENTERTAINING or any of the other products and services the internet offers.
Sorry---I cant buy into this --- its build on deception not providing customer
service or advertisers the audience they seek
jw
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Posted at 8:18 AM by jw